Business

The Social Security System (SSS) on Thursday, January 21, appealed to members of the House of Representatives for an objective decision on the proposed measures to postpone the contribution rate hike scheduled for this year, as it emphasized that the pension fund’s financial viability may be disadvantaged by its deferment.SSS President and Chief Executive Officer Aurora C. Ignacio, at the hearing of the House Committee on Government Enterprises and Privatization chaired by Paranaque Rep. Eric L. Olivarez on Thursday urged the legislators to consider the effects of delaying the scheduled contribution hike to benefits given to members, pensioners, and their beneficiaries.Ignacio explained that provisions of the proposed legislations embodied under House bills 8304, 8310, 8313, 8315, ...

The residential rates of Central Negros Electric Cooperative Inc. (CENECO) for January increased by P0.6246 per kilowatt hour (kWh).Danny Pondevilla, CENECO acting manager, said that the power rate for this billing month was at P10.4696/kWh from P9.8450/kWh in December.The rate increase was attributed to the hike in the generation, transmission, system loss charges and other pass-through charges such as lifeline, senior, value-added tax, he said.Part of the adjustment was also the new Feed-in-Tariff allowance which increased to P0.0983/kWh from P0.0495/kWh, he addedThe pass-through charges equivalent to P9.2830/kWh of the total power rate including the generation and transmission charges, Energy Regulatory Commission-approved adjustments, government subsidies and taxes, he ...

Globe expands its initiatives to maximize digital education through Microsoft Office 365 solutions.Due to COVID-19, digital learning emerged as a means to continue communication and collaboration between students and teachers while at home. However, because of insufficient digital infrastructure and tools not all educational institutions are equipped to manage remote learning.“It is a perfect time for educational institutions to maximize the learning and productivity platforms that teachers, students, and staff can use to make sure that learning is uninterrupted. With Globe and Microsoft teaming up, we can assure that learning continues even at the confines of the homes”, said Mark Abalos, Globe’s Segment Head for Education.Compared to other Learning Management Systems (LMS), ...

The Negros Occidental provincial farms earned P3.030 million in 2020, posting a 13.7 percent increase from the previous year.Provincial Veterinarian Renante Decena said today, January 18, that the substantial increase was primarily attributed to the sales of live animals such as sheep and cattle amounting to P1.2 million.He said more farmer-entrepreneurs were interested in the venture following the new normal brought by the coronavirus pandemic. “They see the potential of livestock as well as poultry as a means of alternative livelihood to sustain family income,” Decena said.He also said that part of the income also came from the sale of farm products and services such as free-range chicks/chicken, dairy cattle, dairy products, liquid nitrogen, Pekin ducks, dairy training, eggs...

File photoLeo Rey Yanson was re-appointed chairman of the board and president of Southern Star Bus Transport Inc. (SSBTI) in an annual stockholders meeting today, January 18.He was also reappointed chairman and president of Bachelor Express Inc. and Mindanao Star Bus Transport Inc. of the Yanson Group of Bus Companies at the stockholders meetings of the two firms during the weekend.Yanson matriarch Olivia Yanson was also re-appointed as SSBTI’s corporate secretary today.Aside from Leo Rey and Olivia, Ginnette Y. Dumancas, Charles M. Dumancas and Arvin John Villaruel were also re-elected as members of the SSBTI board of directors.Leo Rey said despite the challenges faced in 2020, SSBTI remains strong and resilient. It continues to be steadfast in its goal to serve the Fi...